Invitae (NVTA) has released an update to notify the public and investors about listing compliance status.
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Invitae Corporation has been notified by the New York Stock Exchange that it will begin delisting proceedings for the company’s common stock due to its “abnormally low” trading price levels. The stock’s trading has been suspended and is expected to move to the OTC Pink platform, a less prominent market, which could result in reduced liquidity and further price declines. There is uncertainty regarding the stock’s future trading prospects on this platform.
For further insights into NVTA stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.